ALFAccurate AAA Focus
ALFAccurate PMS | Equity | | PMSIME's View on ALFAccurate AAA Focus
Strategy
Diversified Large & Mid-Cap Strategy
Investment Fund
A combination of a focus on large & mid-caps (with limited small-cap exposures), and a high level of diversification, makes this strategy substantially lower risk than typical PMS schemes. What makes the strategy attractive is its longer-term outperformance consistency, without taking on a high level of risk.
Fund's Strategy View
Alf Accurate's AAA Focus Fund is a diversified large & mid-cap strategy, that is driven by very clear risk-control policies around the stock, sector, and other exposure limits. AlfAccurate follows a 3M Investment Approach (focused on market size, the margin of safety, and Market Shares of investee companies). The high levels of diversification & risk controls, make this a lower-risk strategy than the other more concentrated strategies common in PMS portfolios. This diversified strategy is in line with ALFAccurate's philosophy of running strong risk controls to provide superior risk-adjusted returns for investors, this has been followed consistently. A more diversified strategy does help reduce the high volatility & company risks inherent in investing.
Fund Performance
The fund has underperformed peers in the last 5yr trailing returns. In terms of longer-term annual performance, performance has been consistent, with the fund having outperformed it's benchmark in over 60% of annual calendar years.
IME's View on ALFAccurate PMS
View on AMC
AlfAccurate Advisors is a boutique Portfolio Management Services (PMS) firm with over 15 years of track record, led by a pedigreed team with proven fund management expertise.
AMC's Pedigree
ALFAccurate, founded by an experienced fund manager with a strong track record, has over 10 years of consistent success managing a highly diversified portfolio, making it a top choice for investors looking to grow their wealth.
AMC Team
Before founding AlfAccurate Advisors, Rajesh Kothari built a strong track record in fund management—delivering consistent first-quartile performance at DSP Mutual Fund, growing AUM from $100 million to $1.5 billion, and earning multiple fund manager awards. He also managed a US-based India-focused fund, Voyager. In 2014, he was joined by Govind Agarwal, a seasoned investment professional with over 30 years of experience, including roles at Reliance AMC and UBS. Together, they form a highly experienced and stable investment team that has been at the core of AlfAccurate for over a decade.
Investment Philosophy
AAA follows a dual framework—DSD for capital protection and 3M for wealth creation. The DSD framework focuses on diversification across sectors and market caps, a staggered entry approach, and a disciplined exit strategy based on growth assumptions, valuation comfort, or capital reallocation. The 3M framework emphasizes investments in companies with a large Market size, dominant Market share, and a strong Margin of safety (valuation comfort). They rely on a forensic and fundamental process—evaluating corporate governance, cash flow quality, reinvestment ability, and management practices—before stock inclusion. Their internal checks and longevity filters help mitigate risk and build a durable portfolio.
Investment Philosophy
AAA Focus Plan is a concentrated multi-cap strategy (less than 30 stocks) of market leaders that have strong corporate governance and high growth potential. ALFAccurate PMS follows a 3M Investment Approach, by focusing on the Market size, Margin of safety, and Market Share backed by ‘Right Balance Sheet’, ‘Right Management’, and ‘Right Governance’. In essence, ALFAccurate follows a GARP philosophy (growth at a reasonable price).- Market Size: Identify large opportunities for the companies to capture
- Market Share: Identify leaders in the sectors
- Margin of Safety: Buy companies at a reasonable valuation with the above-mentioned criteria.
Strong Risk Management Controls
ALFAccurate AAA Focus Plan invests in up to 30 companies. The strategy also has a clearly articulated risk management framework:- Large-cap exposure: 60-100%
- Mid/small-cap exposure: 0-40%
- Max weightage in one stock: 10%
- Max weightage in one sector: 40%
- Max weightage in top-10 stocks: 70%
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| ALFAccurate AAA Focus | -5.6 | 13 | 18.1 | 14 |
| S&P BSE 500 | -6.6 | 14.7 | 19.2 | 13.1 |
| Alpha over Broad Mkt BM | 1 | -1.7 | -1.1 | 0.9 |
Performance as of: 30-Sep-25 | Inception Date: 17-Nov-14 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Govind Agarwal | 4-star rated FM
Director | 32 yrs Experience | 12 yrs at current firm
Past Experience: Reliance MF (FM) / UBS Securities (Equity Sales) / Motilal Oswal (Equity Sales)
A seasoned equity professional, Govind has over 2 decades of equity experience across fund management and institutional equity sales at top AMCs (Reliance MF) and institutional equity brokerage firms (UBS, Motilal).
Rajesh Kothari | 5-star rated FM
CIO | 29 yrs Experience | 16 yrs at current firm
Past Experience: Voyager (FM), DSP ML (FM)
Rajesh is the founder of AlfAccurate Advisors, which he set up in 2009, after a strong track record in equity fund management at DSP ML & Voyager. During his tenure at DSP ML, the AUM increased from $100 mn to $1.5 bn and the funds he managed consistently ranked in the top quartile of performance.
